AsDB – sovereign
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Asian Development Bank (AsDB) promotes resilience and sustainability across the Asia-Pacific region. Its sovereign portfolio provides non-concessional and concessional loans, grants, and technical assistance to lower and middle-income governments. It engages in projects more directly orientated towards social development and poverty alleviation. AsDB publishes to the IATI Standard. It was established in 1966.
AsDB scored the most points in our sovereign assessments with a score of 75.9 out of 100. AsDB performed strongly across all four components in the sovereign assessment. AsDB came first in Core Information and ESG and Accountability to Communities, while coming second in Impact Management and Financial Information. AsDB is an IATI publisher and there was a bulk download available.
AsDB scored the highest in the Core Information component with a score of 26.5 out of 30. The breadth of information disclosed by AsDB was good and the information disclosed was of high quality and in accessible formats of publication, including to the IATI Standard. As such, AsDB scored at least 50% for every indicator in the component.
AsDB came joint second in the Impact Management component with 25.33 out of 30. It scored in all five indicators of the component and scored 100% in three out of the five indicators. AsDB published data in the activity indicators/metrics and results indicators, but lost points for not consistently disclosing actual results. It also did not publish its approach to determining impact attribution.
AsDB came top in the ESG and Accountability to Communities component with 19.83 points out of 30. AsDB scored 87% for organisation-level questions. It performed relatively well for project-level indicators because it published summaries of E&S risks and E&S standards triggered consistently to its website and the IATI Standard.
AsDB came second in the Financial Information component with a score of 4.25 out of 10. AsDB scored points in all four indicators, but did not get 100% for project-level questions due to publishing in less accessible formats of publication.
- AsDB should disclose client contacts and date of activity disclosure for all investments.
- It should publish data that is already disclosed on its website or in a PDF in its bulk download file.
- AsDB should review the exceptions articles in its access to information policy and include an objective harm test for confidentiality of information provided by third parties.
- AsDB should consistently disclose actual results for all its sovereign investments.
- It should disclose an impact attribution approach or statement.
- It should provide assurance of community disclosure for investments when disclosure is required.
- AsDB should create a policy guiding the disclosure of the presence of the independent accountability mechanism (IAM) at community level.